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Eric King:  “Gerald, I have to ask you about the question that’s on everybody’s mind here, which is the smash in gold and silver.  Your thoughts here?”


Celente:  “This is the biggest hit gold has taken in 30 years, and I was back there 30 years ago.  My first buy of gold was in 1978, at $187.50 an ounce.  So I remember it well.  There’s no comparison between what’s going on now and what took place then....


Continue reading the Gerald Celente interview below...  




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“The gold and silver markets in those days were very thinly traded, and mostly the trades were coming from the United States, somewhat from Japan, and a little bit in Europe.


Totally different time.  Totally different era.  There is no comparison.  I’m in gold for my golden years.  I’m not a speculator.  People are getting blown out of the markets because of their margin calls.  That’s not what gold is about.


I’m buying gold because of fears of devaluation of the paper currencies, and that has not stopped ... I’m holding on to gold because of what’s going on around the world.  The Americans, Europeans, Japanese, and even the Chinese, are all debasing their currencies by printing more of them to keep their economies going.”


Eric King:  “Gerald, when you see this smash in gold, what does that tell you about what is going on behind the scenes when they orchestrate something like this?”


Celente:  “The Federal Reserve, we didn’t know they were pumping an estimated $18 trillion into the market to pump the markets back up after the panic of 2008 hit.  Who knows what’s going on behind the scenes?  You could put all of these naked shorts out there and drive down the (gold) market very easily. 


I believe the market is being manipulated because high gold prices are not in the interest of the central banksters.  High gold prices show people, even the average person, that the money they have isn’t worth the paper it’s printed on.  So it’s only in the interest of the central banks to keep driving down the price of gold as they keep printing more digital money.”


The written portion above is just a small portion of the incredible interview Celente gave to King World News.  He discusses the gold and silver smash at length, systemic risk, and where he sees things headed in the future. The powerful KWN audio interview with Gerald Celente is available now and you can listen to it by CLICKING HERE. 


© 2013 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.


The audio interviews with Gerald Celente, Dr. Paul Craig Roberts, Andrew Maguire, Michael Pento, John Embry, James Turk, Art Cashin, John Mauldin, Egon von Greyerz and Nigel Farage are available now.  Also, be sure to hear the other recent KWN interviews which include Eric Sprott, Marc Faber and Felix Zulauf by CLICKING HERE.


Eric King

KingWorldNews.com

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